LARGE RESTAURANT/SNACK BAR with OLD HOUSE ATTACHED - SUPERB INVESTMENT

Faro

400,000

FREEHOLD

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061977

ID NUMBER

Central Icon

Central

ALGARVE

Epc Tbc

ENERGY

RATING

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300

m2

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0.56/1.39

Ha/Acres

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5

BEDROOMS

FOR SALE

NEW LISTING

This is an amazing opportunity for a Restaurant/Snack Bar operator to re-open this spacious fully equipped business premises with extensive adjacent Living Accommodation set on a large piece of Land within a short distance of both the University and the Hospital.  We understand that it is likely that at the next PDM this will be the first property given the green light for a major redevelopment of the entire property including the land.  This is an exciting investment, as this property will have a huge potential value being so close to the University and the Hospital and of course the Airport and Faro City itself.  The Restaurant covers more than 125m² and the Living Accommodation has the same area of 121m² minimum currently arranged as Five Bedrooms and Two Bathrooms.  Attached to the House is also a ruin of 55.4m² to recover and there are various Additional Buildings with several Animal Shelters in poor condition, which should be removed for safety reasons.

PLEASE NOTE: The sale of this property is under the careful eye of THE COURTS and so ALL OFFERS will be put to the Court for its considered decision….meaning this is an EXCELLENT OPPORTUNITY for any investor.

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GENERAL INFORMATION

LOCAL INFORMATION

The property is freehold with mains electric, own borehole and drainage is private. The centre of Faro is just moments away and has all modern conveniences including Supermarkets, Markets, Shopping Centres, Hospital, Schools for all ages, the Marina and beautiful Faro Island Beach is less than 5 minutes drive away

SMALL PRINT

Purchasers must satisfy themselves by inspection or otherwise that all rooms and any land are measured by you or your appointed solicitor or surveyor prior to purchase. All measurements or distances are approximate. The text, photographs and plans are for guidance only. It should not be assumed that the property meets all the appropriate legal requirements.

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